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Here is How to Ask Rich People for Money!

You may have the greatest idea in the world; something that can not only change your life, but also make the world a tiny bit better. But, is that idea ay good if it doesn’t become a reality and just sits at the back of your mind? Obviously not. Yet, to make that idea into a reality, you need money; sometimes a whole lot of money which you may not have. So, what do you do then? You go ahead and ask rich people for money.

People who have money to spare are often looking for investments they can use to increase their wealth. They listen to and fund ideas they believe in, ideas they can see bringing some real change or improvement. So, when you ask rich people for money, you need to be clever, sensible and meticulous with your idea and plan. We have some tips for you that you can follow and ask rich people for money successfully.

Be Professional

You should always be professional when you approach potential investors. Make sure you have a formal letter, preferably on a nice letterhead, if you want to make an impact.

Be Respectful

You need to be really respectful when you discuss your need and formally request money from an investor. Whether someone’s rich or poor, respect and tact can take you a long way with other people.

Send Details

When you ask rich people for money, make sure you are sending details of how you’re going to use that money. An idea in the air is not as appealing as something tangible in your hands, or in your investor’s hands.

Dress Appropriately

Always dress appropriately when meeting with potential investors. If you already look successful, a rich person is more likely to trust you. On the other hand, looking like you really need money would make you and your proposal less attractive for investors.

Keep in Touch

Once you have the money you need, stay in touch with your benefactor because you are now in a work relationship.

Maintain Social Relations

Always establish pleasant social relations with investors because they are more likely to invest in your future projects if the first one is a success.